The unadjusted T-accounts of Brad Upchurch, M.D., Professional Corporation (P.C.), at December 31, 19X2, and the related year-end adjustment data follow:

Adjustment data at December \(31,19 \mathrm{X} 2\), include:

a. Depreciation for the year, \(\$ 5,000\).

b. Supplies on hand, \(\$ 2,000\).

c. Accrued service revenue, \(\$ 4,000\).

d. Unearned service revenue earned during the year, \(\$ 2,000\).

e. Accrued salary expense, \(\$ 4,000\).
\section*{Required}
1. Write the trial balance on a work sheet, and complete the work sheet. Key each adjusting entry by the letter corresponding to the data given.
2. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in account format.
3. Journalize the adjusting and closing entries.

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Bal. 5,000 Cash Accumulated Depreciation Accounts Receivable Bal. 44,000 Accounts Payable Bal. 12,000 Bal. 4,000 Supplies Equipment Bal. 6,000 Bal. 57,000 Salary Payable Unearned Service Revenue Bal. 2,000 Note Payable, Long-Term Common Stock Retained Earnings Dividends Bal. 40,000 Bal. 20,000 Bal. 21,000 Bal. 54,000 Service Revenue Salary Expense Supplies Expense Bal. 130,000 Bal. 36,000 Depreciation Expense Interest Expense Rent Expense Bal. 5,000 Bal. 12,000 Insurance Expense Bal. 10,000